Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0028%/8h= −3.1% APRpaid last 24h +0.054%

Price spread now: 01 Exchange against Binance+0.031%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Binance Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. 01 Exchange is 0.031% dearer against Binance than usual: you sell high and buy low (spread +0.031% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance MONUSDT	0.02582	0.0100	pay 0.0050% / 4h	3h 36m	$24.7M	$25.7M	75x
Short	01 Exchange MONUSD	0.02583	0.0072	get 0.0009% / 1h	36m 27s	$6K	$1K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange against Binance. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BinancebpFee 01 ExchangebpOrdersPrice spread, now +0.031%Rate

Funding earned: −$5.88
Price spread: +0.031% → 0.000%: $3.1
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$19.78
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 5 min ago; 01 Exchange: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Binance live order book, 5 min ago	1.93 bp	15.7 bp −$16	51.8 bp −$518	466.2 bp −$46.6K	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

MON on 33 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective MON/USDC PERP	−0.0444%	1h	0.02556	−1.007%	$6K	$105	5.5x	as long as short
Phoenix MON	0.0000%	1h	0.02581	−0.027%	$13K	$351K	5x	as long as short
Orderly PERP_MON_USDC	+0.0068%	4h	0.02581	−0.039%	$17K	$64K	10x	as long as short
01 Exchange MONUSDshort	+0.0072%	1h	0.02583	+0.031%	$6K	$1K	5x
Lighter MON	+0.0096%	1h	0.02582	0.000%	$860K	$753K	10x	as long as short
Paradex MON-USD-PERP	+0.0098%	8h	0.02581	−0.034%	$8K	$42	5x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02586	+0.139%	$394K	$537K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02587	+0.186%	$35.1M	$7.5M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02579	−0.120%	$107K	$231K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02578	−0.153%	$13K	—	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica MON	+0.0100%	1h	0.02579	−0.101%	$142K	$104K	3x	as long as short
Binance MONUSDTlong	+0.0100%	4h	0.02582	long leg	$24.7M	$25.7M	75x
Bybit MONUSDT	+0.0100%	8h	0.02582	−0.008%	$21.4M	$12.2M	50x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02580	−0.077%	$4.3M	$6.0M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02575	−0.271%	$106K	$2K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02581	−0.039%	$984K	$903K	50x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02584	+0.077%	$2.8M	$1.9M	25x	as long as short
Backpack MON_USDC_PERP	+0.0100%	1h	0.02578	−0.155%	$128K	$141K	10x	as long as short
Variational Omni MON	+0.0100%	8h	0.02584	+0.081%	$782K	$407K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02581	−0.038%	$44K	$247K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02578	−0.154%	$584K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02579	−0.116%	$69K	$485K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02577	−0.194%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02585	+0.118%	$50K	$497K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02576	−0.232%	$39K	—	3x	as long as short
Aftermath Perps MONUSD	+0.0127%	1h	0.02578	−0.143%	$4K	$76K	10x	as long as short
KuCoin MONUSDTM	+0.0152%	4h	0.02583	+0.039%	$3.0M	$726K	75x	as long as short
Deribit MON_USDC-PERPETUAL	+0.0177%	1h	0.02577	−0.182%	$70K	$119K	25x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0261% / S −0.0598%	1h	0.02583	+0.031%	$9K	—	50x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02576	−0.232%	$1.3M	$308K	75x	as long as short
Perpl MON	+0.0447%	43m	0.02580	−0.062%	$158K	$2.0M	10x	as long as short
Kraken Futures PF_MONUSD	+0.0463%	1h	0.02579	−0.110%	$271K	$78K	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0808%	1h	0.02578	−0.139%	$113K	$50K	50x	as long as short